Conversation Guide Structured Investment  ·  Sharkfin  ·  18-Month Tenor
Structured Investment · Sharkfin

Principal-protected, equity-linked.

Your capital is returned in full at maturity. Participate in moderate equity upside; if the underlying stock runs above the knock-out barrier at the final observation, a fixed 8.50% rebate replaces the full gain.

Underlying Single stock · Quanto MYR Tenor 18 months Minimum RM 50,000
Principal Protected
100%
Held to maturity
Upside Potential
Uncapped
If stock stays below KO
KO Rebate
8.50%
Paid if KO triggered
KO Barrier
~114%
Checked only at maturity
Section01What it is

A capital-safe way to participate in equity upside.

Sharkfin is a structured note where principal is returned in full at maturity — regardless of how the linked stock performs. On top of that, you participate in the stock's upside, with a single trade-off.

If the stock rises moderately, you earn the full proportional gain — uncapped. If it rises too much and breaches the knock-out barrier at the Final Observation Date, you receive a fixed 8.50% rebate instead of the bigger gain. The payoff shape — flat at the bottom, rising in the middle, then dropping at the top — resembles a shark's dorsal fin. That is how the product earned its name.

The Quanto feature means the product settles in MYR regardless of the reference stock's home currency. Zero foreign-exchange risk — your return is calculated purely on the stock's percentage move.

Section02The payoff

The shape of the trade.

At maturity, exactly one of three outcomes applies — depending on where the linked stock closes relative to the strike and the knock-out (KO) barrier.

Return at maturitySharkfin payoff profile
0% +5% +10% +15% +20% Return at maturity 100% 114% 70% 140% Stock price at Final Observation Date (% of Initial) Strike 100% KO ~114% Principal protected (0%) Full upside, uncapped Rebate 8.50% (KO) +8.5%

Read it in three zones. Below strike: capital returned, 0%. Between strike and KO: proportional equity gain. At or above KO at the Final Date: fixed 8.50% rebate, regardless of how far the stock has run.

Section03Mechanics

Four steps from investment to settlement.

01Invest

Lock in the trade.

Invest from RM 50,000 linked to a single stock (e.g. Ping An Insurance 2318.HK). Investment amount and Initial Reference Price are locked in on the Trade Date. All settlement in MYR — no currency risk.

02Hold

Wait 18 months.

No coupons or interim payments during the tenor. Early termination is possible but at market value, which may be unfavourable. Plan to hold to maturity.

03Observe

The Final Observation Date.

The one and only date that matters. The KO barrier (~114%) is checked here — not monthly. The closing price on this single date determines the entire payoff.

04Settle

One of three outcomes.

Stock at or above KO → Principal + 8.50% rebate. Stock between strike and KO → Principal + full % gain. Stock below strike → Principal returned in full.

Section04Real numbers

Your returns, six scenarios.

Based on MYR 100,000 invested · Strike 100% · KO Barrier 114.15% · Rebate 8.50% · 18-month tenor · Quanto MYR.

Stock at maturityKO eventSettlementReceivedReturn
≥ 114.15%KO triggeredPrincipal + 8.50% rebateRM 108,500+8.50%
113%No KOPrincipal + 13% gainRM 113,000+13.00%
110%No KOPrincipal + 10% gainRM 110,000+10.00%
105%No KOPrincipal + 5% gainRM 105,000+5.00%
95%Below strikePrincipal returnedRM 100,0000.00%
50%Below strikePrincipal returnedRM 100,0000.00%

Read the table carefully. A stock that closes at 113% earns more than one that closes at 115%. The KO is a discrete event — once the barrier is touched at the Final Date, the rebate replaces the equity gain entirely.

Section05Versus FD

Why not just hold a fixed deposit?

Fixed Deposit · 18 months
3–4%

Guaranteed rate, PIDM-protected up to RM 250,000. No exposure to equity upside. Predictable but capped.

vs
Sharkfin · 18 months
0–20%+

Principal protected regardless of stock outcome. Earn the full stock gain if 0–14%, or a fixed 8.50% rebate if stock runs past the KO barrier.

Section06Edge & risks

Where Sharkfin earns its place — and where it doesn't.

The edge

Sleep-at-night principal protection.100% of investment returned at maturity, regardless of stock performance.
Uncapped upside in the sweet spot.Stock rises 0–14%, return rises 1-for-1 — no cap in this zone.
Guaranteed 8.50% if KO.Even if the stock runs past the barrier, the fixed rebate beats FD.
Zero FX risk (Quanto).Reference stock may be in HKD or USD, but settlement is in MYR.
Single stock — transparent.Track one company, one price. No "worst-of" basket drag.

The trade-offs

KO caps upside above ~14%.A stock that rises 30% only earns 8.50%. The biggest trade-off.
No interim coupon.All returns at maturity. Money locked up without interim cash flow.
18-month illiquidity.Early termination is possible but at market value — may be unfavourable.
Not PIDM protected.Principal protection is contractual, backed by the issuer's credit, not government guarantee.
KO observed only at final date.Intra-tenor spikes do not trigger KO. Only the closing price on the Final Observation Date matters.
Section07Suitability

Who this is for.

Good fit

Conservative investors who want equity exposure without putting principal at risk.
Mildly bullish on a single stock — expecting 5–14% move, not a moonshot.
Comfortable with an 18-month lock-in and no interim cash flow.
Wants to outperform FD without taking direct equity downside.
Prefers MYR settlement with no foreign-exchange exposure.

Not suitable

Strongly bullish — expecting more than 14% gain on the underlying.
Needs interim income or regular cash flow during the tenor.
May need access to funds before the 18-month maturity.
Requires PIDM-insured guarantee on principal.
Risk-averse about issuer credit risk.
Section08Questions

Common questions answered.

If the stock drops 50%, do I really get all my money back?
Yes. The full MYR 100,000 is contractually returned at maturity regardless of stock performance — even if the stock collapses 80%. The protection is unconditional on the downside.
What is Quanto and why does it matter?
Quanto means currency-neutralised. Even though the reference stock trades in HKD or USD, your investment and settlement are entirely in MYR. If the stock rises 10% but its home currency weakens 5% against MYR, you still earn 10% — the FX move is irrelevant.
How is the KO in Sharkfin different from autocallable products?
Autocallable products check the KO barrier every month — if the stock crosses in Month 3, the product terminates at Month 3. The Sharkfin checks the KO barrier exactly once, only at the Final Observation Date. There is no early exit.
What if the stock hits 120% during the tenor but falls to 105% at maturity?
You earn +5%. The intra-tenor spike above KO is irrelevant because the barrier is only observed at the Final Observation Date.
Is the 8.50% rebate guaranteed once KO occurs?
Yes. Once the stock closes at or above ~114.15% on the Final Observation Date, you receive Principal + 8.50% rebate regardless of any other condition.
What is the minimum investment and how do I proceed?
Minimum investment is MYR 50,000. The exact KO barrier (range 112–116%), the reference stock, and all final terms are confirmed at pricing. Speak to your relationship manager for current available underlyings and a suitability assessment.

For general information and educational purposes only. This material does not constitute investment advice, an offer, or a solicitation to buy or sell any financial instrument. Structured investments are not fixed deposits and are not insured under PIDM. Principal protection applies only when held to maturity and is subject to the credit risk of the issuing institution. The KO barrier, rebate rate, and exact terms are indicative and will be confirmed at the time of trade. Past performance is not indicative of future results. Investors should read the full term sheet and product disclosure sheet before investing. Please consult your relationship manager for full product details and suitability assessment.

Conversation GuideStructured Investment · Sharkfin · 18-Month Tenor
Structured Investment · Sharkfin

Principal-protected, equity-linked.

Capital is returned in full at maturity. Participate in moderate equity upside; if the stock runs above the knock-out barrier at the final observation, a fixed 8.50% rebate replaces the full gain.

Principal
100%
Protected at maturity
Upside
Uncapped
If stock below KO
KO rebate
8.50%
If KO triggered
KO barrier
~114%
Checked at maturity

01.What it is

  • Principal protected. 100% of investment returned at maturity, regardless of stock performance.
  • Single stock upside. Participate in the linked stock's gain — uncapped, if it stays below the KO barrier.
  • Fixed rebate ceiling. If the stock breaches KO at the final date, receive a fixed 8.50% instead of the full gain.
  • Quanto settlement. Product settles in MYR — no FX risk even if the stock trades in HKD or USD.
  • Tenor 18 months. Minimum RM 50,000.

02.The payoff, in plain English

At the Final Observation Date — exactly one outcome applies
Stock closes below 100% (strike)Principal returned in full · 0.00%
Stock closes 100% – 114%Principal + full % gain (e.g. +10%)
Stock closes at or above ~114% (KO)Principal + fixed 8.50% rebate

03.How it works — four steps

  • 1 · Invest. RM 50,000 minimum, linked to a single stock (e.g. Ping An 2318.HK). Investment amount and initial reference price locked on Trade Date. Settlement MYR.
  • 2 · Hold 18 months. No interim coupons. Early termination possible but at prevailing market value.
  • 3 · Final Observation Date. The one and only date that matters. KO checked here — not monthly.
  • 4 · Settle. Above KO → Principal + 8.50%. Between strike and KO → Principal + full % gain. Below strike → Principal only.

04.Six scenarios · RM 100,000 invested

Stock at maturityEventSettlementReceivedReturn
≥ 114.15%KO triggeredPrincipal + rebateRM 108,500+8.50%
113%No KOPrincipal + 13%RM 113,000+13.00%
110%No KOPrincipal + 10%RM 110,000+10.00%
105%No KOPrincipal + 5%RM 105,000+5.00%
95%Below strikePrincipal returnedRM 100,0000.00%
50%Below strikePrincipal returnedRM 100,0000.00%

05.vs Fixed Deposit · 18 months

  • FD. 3–4% guaranteed. PIDM-protected to RM 250k. No equity upside.
  • Sharkfin. 0–20%+ possible. Principal protected by issuer (not PIDM). Earns full stock gain if 0–14%; fixed 8.50% if past KO.
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Conversation GuideStructured Investment · Sharkfin · continued

06.The edge & the trade-offs

The edge

  • Sleep-at-night principal protection. 100% returned at maturity.
  • Uncapped upside 0–14%. Return moves 1-for-1 with the stock.
  • 8.50% rebate if KO. Still beats FD even when capped.
  • Zero FX risk. Quanto MYR settlement.
  • Single stock, transparent. No worst-of basket drag.

The trade-offs

  • KO caps upside above ~14%. A 30% stock = 8.50% return.
  • No interim coupon. All returns at maturity only.
  • 18-month illiquidity. Early exit at market value.
  • Not PIDM. Backed by issuer credit, not government guarantee.
  • KO observed only at final date. Intra-tenor spikes do not count.

07.Who this is for

Good fit

  • Conservative investor wanting equity exposure without principal risk.
  • Mildly bullish on a single stock (5–14% expected).
  • Comfortable with 18-month lock-in, no interim cash flow.
  • Wants to outperform FD safely.
  • Prefers MYR settlement; no FX exposure.

Not suitable

  • Strongly bullish — expects more than 14% gain.
  • Needs interim income during the tenor.
  • May need liquidity before 18 months.
  • Requires PIDM-insured guarantee.
  • Risk-averse about issuer credit.

08.Common questions

  • Stock drops 50% — do I get all my money back? Yes. Principal is unconditionally returned at maturity.
  • What is Quanto? Currency-neutralised. Investment & settlement in MYR; stock's home currency move is irrelevant.
  • KO vs autocallable? Autocallable checks KO monthly. Sharkfin checks KO once — only at the Final Observation Date.
  • Stock spikes to 120% then falls to 105% — what do I get? +5%. Intra-tenor spikes do not count.
  • Is the 8.50% guaranteed once KO occurs? Yes — Principal + 8.50% paid regardless of other conditions.
  • How do I proceed? Minimum RM 50,000. Exact KO barrier (112–116%) and underlying confirmed at pricing. Speak to your RM.
For general information and educational purposes only. This material does not constitute investment advice, an offer, or a solicitation. Structured investments are not fixed deposits and are not insured under PIDM. Principal protection applies only when held to maturity and is subject to the credit risk of the issuing institution. The KO barrier, rebate rate, and exact terms are indicative and confirmed at the time of trade. Past performance is not indicative of future results. Investors should read the full term sheet and product disclosure sheet before investing. Please consult your relationship manager for full product details and suitability assessment.
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